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NewsWPLG Local 10August 4, 2026Miami-Dade

SpaceX reports $541 million quarterly loss and $7.8 billion in revenue in first public earnings report

SpaceX reported a $541 million loss for the quarter ending in June, performing better than analyst expectations while revenue grew 90% to $7.8 billion. The company significantly increased spending on artificial intelligence and infrastructure, while preparing for a major release of insider shares into the public market.

SpaceXBusinessTechnologyFinanceStarlinkElon Musk
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Why It Matters

The company's financial performance and upcoming stock lockup expiration directly impact investors and the future funding of space exploration projects like the Starship rocket.

Key Facts

  • SpaceX reported a quarterly loss of $541 million, or 9 cents per share.
  • Quarterly revenue reached $7.8 billion, a 90% increase from the previous year.
  • Starlink subscriber count doubled to 12 million.
  • Spending on infrastructure and R&D increased to $18 billion, up from less than $3 billion a year ago.
  • More than 900 million shares are scheduled to be released for public trading on Thursday as a lockup provision expires.
  • Elon Musk's net worth is estimated at $783 billion.
  • SpaceX aims to reach $1 trillion in annual revenue by 2030.
  • SpaceX plans to test the reusability of the Starship rocket by catching it with mechanical arms at the end of the month.
  • NASA aims to land astronauts on the moon in 2028 using the Starship rocket.

Who's Mentioned

personBret Johnsen“Chief Financial Officer of SpaceX.”personElon Musk“CEO of SpaceX.”organizationForbes“Source for wealth valuation.”organizationSpaceX“The company reporting its quarterly financial results.”otherStarlink“SpaceX's satellite communications service.”organizationNASA“Space agency planning to use Starship for moon missions.”personGwynne Shotwell“President of SpaceX.”